Schedules of Financed Student Loans Sample Clauses

Schedules of Financed Student Loans. Attached hereto as Schedule A is a supplement to Schedule B to the Sale and Servicing Agreement listing the Additional Student Loans to be conveyed on the Transfer Date to the Eligible Lender Trustee on behalf of the Issuer pursuant to this Agreement.
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Schedules of Financed Student Loans. The information set forth in Schedule A-1 (with respect to all Initial Financed Student Loans that are Group I Student Loans), Schedule A-2 (with respect to all Initial Financed Student Loans that are Group II Student Loans), Schedule B-1-A (with respect to all Subsequent Student Loans that are Group I Student Loans), Schedule B-1-B (with respect to all Other Student Loans that are Group I Student Loans), Schedule B-2-A (with respect to all Subsequent Student Loans that are Group II Student Loans), and Schedule B-2-B (with respect to all Other Student Loans that are Group II Student Loans), to this Agreement and Schedule A to the related Subsequent Transfer Agreement is true and correct in all material respects as of the opening of business on the Cutoff Date (with respect to Schedules A-1 and A-2 to this Agreement) or each applicable Subsequent Cutoff Date (with respect to Schedules X-0-X, X-0-X, X-0-X and B-2-B to this Agreement), as applicable, and no selection procedures believed to be adverse to the holders of Notes, the Securities Insurer or the Swap Counterparty were utilized in selecting the Initial Financed Student Loans or the Additional Student Loans, as applicable. The computer tapes regarding the Group I and Group II Initial Financed Student Loans made available to the Issuer, its assigns, the Securities Insurer (with respect to the Group II Student Loans) and Swap Counterparty are true and correct in all respects as of the Cutoff Date. There will be no material changes made to either Schedule A-1 or A-2, to this Agreement without notice to the Securities Insurer and the acknowledgement of the Rating Agencies that such material change will not affect the ratings assigned to any Class of the Notes (and with respect to the Group II Insured Notes, without regard to the Group II Insured Notes Guaranty Insurance Policy).
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Schedules of Financed Student Loans. Attached hereto as Schedule A are supplements to Schedules X-0-X, X-0-X, X-0-X and/or B-2-B to the Sale and Servicing Agreement listing the applicable Additional Student Loans to be conveyed on the Subsequent Transfer Date to the Eligible Lender Trustee on behalf of the Issuer pursuant to this Agreement.
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Schedules of Financed Student Loans. Attached hereto as Schedule A is a supplement to Schedule B to the KBUSA Student Loan Transfer Agreement listing the KBUSA Additional Student Loans to be conveyed on the Subsequent Transfer Date to the Depositor Eligible Lender Trustee on behalf of the Depositor pursuant to this Agreement.
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Schedules of Financed Student Loans. The information set forth in Schedules A and B to this Agreement and Schedule A to the related Transfer Agreement is true and correct in all material respects as of the opening of business on the Cutoff Date (with respect to Schedules A and B to this Agreement) or each applicable Subsequent Cutoff Date, as applicable, and no selection procedures believed to be adverse to the holders of Notes or the holders of Certificates were utilized in selecting the Initial Financed Student Loans or the applicable Additional Student Loans, as applicable. The computer tape regarding the Initial Financed Student Loans and the Subsequent Pool Student Loans made available to the Issuer and its assigns is true and correct in all respects as of the Cutoff Date.
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Schedules of Financed Student Loans. The information set forth in Schedule A-1 (with respect to all Financed Student Loans that are Group I Student Loans) and Schedule A-2 (with respect to all Financed Student Loans that are Group II Student Loans), to this Agreement is true and correct in all material respects as of the opening of business on the Cutoff Date and no selection procedures believed to be adverse to the Holders of Notes or Certificateholders were utilized in selecting the Financed Student Loans. The computer tapes regarding the Group I and Group II Student Loans made available to the Issuer and its assigns are true and correct in all material respects as of the Cutoff Date. There will be no material changes made to either Schedule A-1 or A-2 to this Agreement without the acknowledgement of the Rating Agencies that such material change will not affect the ratings assigned to any Class of the Notes.
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Schedules of Financed Student Loans. The information set forth in Schedules A and B to this Agreement and Schedule A to the related Transfer Agreement is true and correct in all material respects as of the opening of business on the Cutoff Date (with respect to Schedules A and B to this Agreement) or each applicable Subsequent Cutoff Date, as applicable, and no selection procedures believed to be adverse to the holders of Notes, the Securities Insurer or the Swap Counterparty were utilized in selecting the Initial Financed Student Loans or the Additional Student Loans, as applicable. The computer tape regarding the Initial Financed Student Loans and the Subsequent Pool Student Loans made available to the Issuer, its assigns, the Securities Insurer and Swap Counterparty is true and correct in all respects as of the Cutoff Date. There will be no material changes made to either Schedule A or Schedule B to this Agreement (with respect to the Initial Financed Student Loans or the Subsequent Pool Student Loans) prior to the Special Determination Date without the acknowledgement of the Rating Agencies that such material change will not affect the ratings assigned to any Class of the Notes (without regard to the Securities Guaranty Insurance Policy).
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Schedules of Financed Student Loans. The information set forth in Schedules A and B to this Agreement and Schedule A to the related Subsequent Transfer Agreement is true and correct in all material respects as of the opening of business on the Cutoff Date (with respect to Schedule A to this Agreement) or each applicable Subsequent Cutoff Date (with respect to Schedule B to this Agreement), as applicable, and no selection procedures believed to be adverse to the Eligible Lender Trustee, the Issuer, the holders of Notes or the holder of the Certificate were utilized in selecting the Initial Financed Student Loans or the Additional Student Loans, as applicable. The computer tape regarding the Initial Financed Student Loans made available to the Depositor Eligible Lender Trustee, the Purchaser, its assigns, the Eligible Lender Trustee and the Issuer is true and correct in all respects as of the Cutoff Date. There will be no material changes made to Schedule A to this Agreement without the acknowledgement of the Rating Agencies that such material change will not affect the ratings assigned to any Class of the Notes.
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Related to Schedules of Financed Student Loans

  • REPURCHASE OF TRUST STUDENT LOANS; REIMBURSEMENT (A) Each party to these Master Terms shall give notice to the other parties promptly, in writing, upon the discovery of any breach of SLM ECFC’s representations and warranties made pursuant to Sections 5(A) and (B) hereof which has a materially adverse effect on the interest of Funding in any Trust Student Loan. In the event of such a material breach which is not curable by reinstatement of the applicable Guarantor’s guarantee of such Trust Student Loan, SLM ECFC shall repurchase any affected Trust Student Loan not later than 120 days following the earlier of the date of discovery of such material breach and the date of receipt of the Guarantor reject transmittal form with respect to such Trust Student Loan. In the event of such a material breach which is curable by reinstatement of the Guarantor’s guarantee of such Trust Student Loan, unless the material breach shall have been cured within 360 days following the earlier of the date of discovery of such material breach and the date of receipt of the Guarantor reject transmittal form with respect to such Trust Student Loan, SLM ECFC shall purchase such Trust Student Loan not later than the sixtieth day following the end of such 360-day period. SLM ECFC shall also remit as provided in Section 2.6 of the Administration Agreement on the date of repurchase of any Trust Student Loan pursuant to this Section 6(A) an amount equal to all non-guaranteed interest amounts and forfeited Interest Subsidy Payments and Special Allowance Payments with respect to such Trust Student Loan. In consideration of the purchase of any such Trust Student Loan pursuant to this Section 6(A), SLM ECFC shall remit the Purchase Amount in the manner specified in Section 2.6 of the Administration Agreement. In addition, if any breach of Sections 5(A) and (B) hereof by SLM ECFC does not trigger such repurchase obligation but does result in the refusal by a Guarantor to guarantee all or a portion of the accrued interest (or any obligation of Funding to repay such interest to a Guarantor), or the loss (including any obligation of Funding to repay the Department) of Interest Subsidy Payments and Special Allowance Payments, with respect to any Trust Student Loan affected by such breach, then SLM ECFC shall reimburse Funding by remitting an amount equal to the sum of all such non-guaranteed interest amounts and such forfeited Interest Subsidy Payments or Special Allowance Payments in the manner specified in Section 2.6 of the Administration Agreement not later than (i) the last day of the next Collection Period ending not less than 60 days from the date of the Guarantor’s refusal to guarantee all or a portion of accrued interest or loss of Interest Subsidy Payments or Special Allowance Payments, or (ii) in the case where SLM ECFC reasonably believes such losses are likely to be collected, not later than the last day of the next Collection Period ending not less than 360 days from the date of the Guarantor’s refusal to guarantee all or a portion of accrued interest or loss of Interest Subsidy Payments or Special Allowance Payments. At the time such payment is made, SLM ECFC shall not be required to reimburse Funding for interest that is then capitalized, however, such amounts shall be reimbursed if the borrower subsequently defaults and such capitalized interest is not paid by the Guarantor. Anything in this Section 6(A) to the contrary notwithstanding, if as of the last Business Day of any month the aggregate outstanding principal amount of Trust Student Loans with respect to which claims have been filed with and rejected by a Guarantor or with respect to which the Servicer determines that claims cannot be filed pursuant to the Higher Education Act as a result of a breach by SLM ECFC or the Servicer, exceeds 1% of the Pool Balance, SLM ECFC (or the Servicer as provided in the Servicing Agreement) shall purchase, within 30 days of a written request of the Eligible Lender Trustee or the Indenture Trustee, such affected Trust Student Loans in an aggregate principal amount such that after such purchase the aggregate principal amount of such affected Trust Student Loans is less than 1% of the Pool Balance. The Trust Student Loans to be purchased by SLM ECFC and the Servicer pursuant to the preceding sentence shall be based on the date of claim rejection (or the date of notice referred to in the first sentence of this Section 6(A)) with Trust Student Loans with the earliest such date to be repurchased first.

  • Purchase of Trust Student Loans; Reimbursement A. The Servicer, the Administrator, the Eligible Lender Trustee and the Indenture Trustee shall give notice to the other parties promptly, in writing, upon the discovery of any breach of the provisions of Section 3.1, 3.2, 3.3 or 3.4 which has a materially adverse effect on the interest of the Issuer. In the event of such a material breach which is not curable by reinstatement of the Guarantor's guarantee of such Trust Student Loan, the Servicer shall purchase the affected Trust Student Loan not later than 120 days following the earlier of the date of discovery of such material breach and the date of receipt of the Guarantor reject transmittal form with respect to such Trust Student Loan. In the event of a material breach with respect to such Trust Student Loan which is curable by reinstatement of the Guarantor's guarantee of such Trust Student Loan, unless the material breach shall have been cured within 360 days following the earlier of the date of discovery of such material breach and the date of receipt of the Guarantor reject transmittal form with respect to such Trust Student Loan, the Servicer shall purchase such Trust Student Loan not later than the sixtieth day following the end of such 360-day period. The purchase price hereunder will be the unpaid principal amount of such Trust Student Loan plus accrued interest (calculated using the applicable percentage that would have been insured pursuant to Section 428(b)(1)(G) of the Higher Education Act) plus an amount equal to all forfeited Interest Subsidy Payments and Special Allowance Payments with respect to such Trust Student Loan. The Servicer shall remit the purchase price to the Administrator as provided in Section 2.6 of the Administration Agreement on the date of purchase of any Trust Student Loan pursuant to this Section 3.5. In consideration of the purchase of any such Trust Student Loan pursuant to this Section 3.5, the Servicer shall remit the Purchase Amount in the manner specified in Section 2.6 of the Administration Agreement. Any breach that relates to compliance with the requirements of the Higher Education Act or of the applicable Guarantor but that does not affect such Guarantor's obligation to guarantee payments of a Trust Student Loan will not be considered to have a material adverse effect for purposes of this Section 3.5A.

  • Collection of Trust Student Loan Payments A. The Servicer shall make reasonable efforts (including all efforts that may be specified under the Higher Education Act or any Guarantee Agreement) to collect all payments called for under the terms and provisions of the Trust Student Loans as and when the same shall become due and shall follow such collection procedures as it follows with respect to similar student loans that it services on behalf of SLM Corporation or any of its Affiliates. The Servicer shall allocate collections with respect to the Trust Student Loans between principal, interest and fees in accordance with Section 2.5 of the Administration Agreement. The Servicer may in its discretion waive any late payment charge or any other fees that may be collected in the ordinary course of servicing a Trust Student Loan. The Servicer may, at its option, retain any late payment charges that it collects.

  • Realization upon Trust Student Loans For the benefit of the Issuer, the Servicer shall use reasonable efforts consistent with its servicing practices and procedures that it utilizes with respect to comparable student loans that it services on behalf of SLM Corporation or any of its Affiliates and including all efforts that may be specified under the Higher Education Act or Guarantee Agreement in its servicing of any delinquent Trust Student Loans.

  • Custody of Trust Student Loan Files To assure uniform quality in servicing the Trust Student Loans and to reduce administrative costs, the Issuer hereby revocably appoints the Servicer, and the Servicer hereby accepts such appointment, to act for the benefit of the Issuer and the Indenture Trustee as custodian of the following documents or instruments (collectively the “Trust Student Loan Files”) which are hereby constructively delivered to the Indenture Trustee, as pledgee of the Issuer with respect to each Trust Student Loan:

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